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Bank of Korea is discussing need to hold emergency policy rate review meeting. 

Key notes

  • Will seek policy measures to stabilize markets.
  • Closely monitoring local bond yields spiking.
  • Will intervene into money markets if needed.

“A sweeping change of guard at South Korea’s central bank next month may trigger faster policy normalisation as President Moon Jae-in keeps his sights on taming the country’s runaway home prices by stacking the monetary board with hawks,” the NASDAQ reported. 

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